Archives for: November 2008

11/20/08

Permalink 06:02:03 pm, Categories: Finance & Business, 98 words   English (CA)

Economy Deteriorating Fast: Bank of Canada

Canada’s leading banker says further interest rate cuts are coming because the economy is crumbling quickly.

The Bank of Canada governor suggests that the central bank will slash short-term interest rates again in December to try and boost economic activity.

Mark Carney says more monetary stimulus will be needed for an economy that may not achieve the slight growth previously predicted. He adds that while the risks to economic growth have increased, inflation has become less of a concern.

Carney stops short of saying Canada will fall into a recession, but he acknowledges that one is possible.

11/12/08

Permalink 02:19:12 pm, Categories: News & Media, 111 words   English (CA)

International survey ranks Canada's brand second-strongest in the world

An international survey has ranked Canada as the second-strongest national brand in the world.
But that doesn't mean it's the country most people want to visit - that honour went to Italy and Canada ranked eighth.
Still, the study's author says Canada received top marks for selling itself as a destination that's safe, friendly and good for families.
Rina Papler of FutureBrand says Canada is in a good position to reap whatever travel dollars will be spent in a slumping global market.
She says that's because people see Canada as a reliable country that delivers on its promises.
The top-ranking brand among the 2,700 people surveyed by the international consultancy group was Australia.

11/11/08

Permalink 11:48:56 am, Categories: News & Media, 55 words   English (CA)

Lest we forget

Remembrance Day
Ottawa Blog-Remembrance Day

On the 11th hour of the 11th day of the 11th month, Canadians are asked to pause and remember the thousands of men and women who sacrificed their lives fighting for freedom and democracy during the First World War, the Second World War, the Korean War, the Afghanistan conflict and during peacekeeping missions.

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